Homework: Chapter 6 Homework Question 3, E6-29 (similar to) Part 1 of 6 HW Score: 52.28%, 13.07 of 25 points O Points: 0 of 5 O Save Alcott Company makes and sells artistic frames for pictures of weddings, graduations, and other special events. Ron Kyler, the controller, is responsible for preparing Alcott's master budget and has accumulated the following information for 2018: (Click the icon to view some of the financial information.) (Click the icon to view additional information.) Read the equirements Requirement 1. Prepare a production budget and a direct manufacturing labor cost budget for Alcott Company by month and for the first quarter of 2018. You may combine both budgets in one schedule. The direct manufacturing labor cost budget should include labor-hours and show the details for each labor cost category. Start the schedule by preparing the production budget and calculating the total hours of direct manufacturing labor time needed for the three months in the quarter, then calculate the values for the quarter. Finish by preparing the bottom portion of the schedule for the direct manufacturing labor by month, then quarter. (Enter the direct manufacturing labor-hours per unit to one decimal place, X.X. Do not round interim calculations, and then enter all amounts in the budget (other than the direct manufacturing labor-hours per unit) to the nearest whole number.) March Alcott Company Budget for Production and Direct Manufacturing Labor For the Quarter Ended March 31, 2018 January February Budgeted sales (units) Add target ending finished goods inventory (units) Total requirements (units) Deduct beginning finished goods inventory (units) Units to be produced Direct manufacturing labor hours per unit Total hours of direct manufacturing labor time needed Homework: Chapter 6 Homework Question 3, E6-29 (similar to) Part 1 of 6 HW Score: 52.28%, 13.07 of 25 points O Points: 0 of 5 O Save Alcott Company makes and sells artistic frames for pictures of weddings, graduations, and other special events. Ron Kyler, the controller, is responsible for preparing Alcott's master budget and has accumulated the following information for 2018: (Click the icon to view some of the financial information.) (Click the icon to view additional information.) Read the equirements Requirement 1. Prepare a production budget and a direct manufacturing labor cost budget for Alcott Company by month and for the first quarter of 2018. You may combine both budgets in one schedule. The direct manufacturing labor cost budget should include labor-hours and show the details for each labor cost category. Start the schedule by preparing the production budget and calculating the total hours of direct manufacturing labor time needed for the three months in the quarter, then calculate the values for the quarter. Finish by preparing the bottom portion of the schedule for the direct manufacturing labor by month, then quarter. (Enter the direct manufacturing labor-hours per unit to one decimal place, X.X. Do not round interim calculations, and then enter all amounts in the budget (other than the direct manufacturing labor-hours per unit) to the nearest whole number.) March Alcott Company Budget for Production and Direct Manufacturing Labor For the Quarter Ended March 31, 2018 January February Budgeted sales (units) Add target ending finished goods inventory (units) Total requirements (units) Deduct beginning finished goods inventory (units) Units to be produced Direct manufacturing labor hours per unit Total hours of direct manufacturing labor time needed